Archaeologists in southern Iraq have uncovered the remains of a tavern dating back nearly 5,000 years which they hope will illuminate the lives of ordinary people in the world's first cities.
The US-Italian team made the find in the ruins of ancient Lagash, north-east of the modern city of Nasiriyah, which was known to have been one of the first urban centres of the Sumerian civilisation of ancient Iraq.
The joint team from the University of Pennsylvania and the University of Pisa discovered the remains of a primitive refrigeration system, a large oven, benches for diners and about 150 serving bowls.
Fish and animal bones were found in the bowls, alongside evidence of beer drinking, which was widespread among the Sumerians.
“So we've got the refrigerator, we've got the hundreds of vessels ready to be served, benches where people would sit … and behind the refrigerator is an oven that would have been used … for cooking food,” project director Holly Pittman told AFP.
“What we understand this thing to be is a place where people ― regular people ― could come to eat and that is not domestic,” she said.
“We call it a tavern because beer is by far the most common drink, even more than water, for the Sumerians,” she said, adding that in one of the temples excavated in the area “there was a beer recipe found on a cuneiform tablet”.
Archaeological expeditions return to Iraq — in pictures
The world's first cities developed in what is now southern Iraq after agricultural surpluses from the domestication of the first crops allowed the emergence of new social classes not engaged directly in food production.
The Lagash area, close to the confluence of the Tigris and Euphrates rivers, was called the “garden of the gods” by the ancients for its fertility and gave rise to a string of Sumerian cities dating back to the early dynastic period.
“Lagash was one of the important cities of southern Iraq,” Iraqi archaeologist Baker Azab Wali told AFP, after working with the US-Italian team on the site.
“Its inhabitants depended on agriculture, livestock, fishing, but also on the exchange of goods,” he said.
Ms Pittman said the team was eager to learn more about the occupations of the people who used the tavern in its heyday around 2700BC, to throw new light on the social structure of the first cities.
A detailed analysis would need to be carried out on the samples taken during the excavations the team completed in November.
“There is so much that we do not know about this early period of the emergence of cities and that is what we are investigating,” she said.
“We hope to be able to characterise the neighbourhoods and the kinds of occupation … of the people that lived in this big city who were not the elite,” she added.
“Most of the work done at the other sites focuses on kings and priests. And that is all very important but the regular people are also important.”
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Casket match The Undertaker v Chris Jericho
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Cruiserweight Championship Cedric Alexander v tba
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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COMPANY%20PROFILE
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THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
Volunteers offer workers a lifeline
Community volunteers have swung into action delivering food packages and toiletries to the men.
When provisions are distributed, the men line up in long queues for packets of rice, flour, sugar, salt, pulses, milk, biscuits, shaving kits, soap and telecom cards.
Volunteers from St Mary’s Catholic Church said some workers came to the church to pray for their families and ask for assistance.
Boxes packed with essential food items were distributed to workers in the Dubai Investments Park and Ras Al Khaimah camps last week. Workers at the Sonapur camp asked for Dh1,600 towards their gas bill.
“Especially in this year of tolerance we consider ourselves privileged to be able to lend a helping hand to our needy brothers in the Actco camp," Father Lennie Connully, parish priest of St Mary’s.
Workers spoke of their helplessness, seeing children’s marriages cancelled because of lack of money going home. Others told of their misery of being unable to return home when a parent died.
“More than daily food, they are worried about not sending money home for their family,” said Kusum Dutta, a volunteer who works with the Indian consulate.
Company%20Profile
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
THE DEALS
Hamilton $60m x 2 = $120m
Vettel $45m x 2 = $90m
Ricciardo $35m x 2 = $70m
Verstappen $55m x 3 = $165m
Leclerc $20m x 2 = $40m
TOTAL $485m
LEADERBOARD
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